Gil Luria, a Wedbush Securities analyst, said that the true value of Bitcoin lies in the technology that empowers it and the regulations that will outline it.

There are other Silicon Valley Investors who are bullish on the digital currency technology.

Creator of the Netscape Web browser Marc Andreessen mentioned in an interview that he wishes he had invented Bitcoin and has already invested in various Bitcoin Startups.

Today, numerous VCs see the crypto currency the exact way they regarded the Internet back in 1993, when internet was slow and very difficult to access.

Andreessen said that most investors did not believe in his concept when he tried to get investors for Netscape. However, that attitude about Bitcoin has changed and it will be more widely accepted in the future.